18 Feb 1826
Page 1
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Newspaper
Courier
Location
London, Middlesex, United Kingdom
Date
Feb 18, 1826
Page
1
February meeting in Spitalfields hears distress among silk weavers reaches 3,572 cases and funds cannot meet demand. Treasurer reports funds and asks for prompt large grants or risk refusing new applications and stopping aid to existing cases.
In the Lords the Bank purchase of Exchequer Bills prompts two motions for correspondence and limits. Lord Liverpool opposes and Lord Lauderdale agrees to restrict dates. Debate covers bullion minting, gold pricing, and a Banking Regulation Bill to amend the 38th and 39th Geo III.
A lengthy Commons Lords debate analyzes speculative excesses and the Bank of England’s role in the distress. The speaker argues for metallic currency and withdrawal of small notes to limit speculation, detailing currency history, country bank behavior, and proposals for banking reform to protect the poor.
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